Brief Black Women’s Retirement Preparedness and Wealth
Angelino Viceisza
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Black women have one of the highest labor force participation rates but face a significant gap in retirement readiness. Few policies have tried to address this disparity. Using data from the 2019 Survey of Consumer Finances, Viceisza assesses Black women’s retirement and financial preparedness relative to other demographic groups. Drawing on prior research, Viceisza contextualizes structural and other factors that lead to racial and gender disparities in retirement readiness, including (1) employment discrimination, occupational segregation, and low-paying jobs; (2) limited intergenerational wealth transfers; (3) limited home equity and homeownership due to lending market discrimination, and (4) health-related drains on savings. Viceisza explores a range of promising policies and programs for improving retirement preparedness for Black women. Among these are accelerated C-suite programs, pay transparency laws, wealth-building policies that reduce the costs of housing, health care, and child care, reparations, and increased outreach by the Social Security Administration, employers, and the financial industry.

Research Areas Aging and retirement Economic mobility and inequality Race and equity Wealth and financial well-being Workforce
Policy Centers Office of Race and Equity Research
Research Methods Quantitative data analysis
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